AFC Unemployment Insurance: 10.10% Extra Deposit to Your AFP
For millions of workers in Chile, the Seguro de Cesantía—a mandatory unemployment insurance system—offers a critical financial lifeline during job loss. Yet buried in the fine print of this safety net is an automatic benefit that most beneficiaries overlook: a 10.10% annual contribution from the Administradora de Fondos de Cesantía (AFC) directly into their Administradora … Read more